Friday, September 01, 2017 1:32:24 AM
That's not the case here and is hardly ever the case. Every marijuana conference has been advertised as being a potential blockbuster for the company. However, there are so many companies presenting at each conference. Moreover, the purpose of the conference is to advertise medical marijuana, not a specific company, per se.
That's why even if the conference is well-done, if it doesn't live up to the standards of those who bought just because of the conference, the price will tank. Today, however, it pulled back the day before the conference, presumably because everyone speculated that the conference would be a bust.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.
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